WHAT THE OTHER PAPERS SAY THIS MORNING March 8, 2012 FINANCIAL TIMES DEUTSCHE BANK TAPPED ECB FOR UP TO €10BN Deutsche Bank took as much as €10bn of European Central Bank emergency funding last week, despite deep reservations over the programme voiced by outgoing chief Josef Ackermann. Investors briefed by Deutsche Bank’s finance director and investor relations executives say the bank was persuaded by the [...]
FTSE 100 jumps on German court ruling September 12, 2012 The leading share index was up in early trading, as investors reacted positively to news that German judges ruled in favour of the Eurozone’s rescue fund. Meanwhile, holding company Chesnara led the fallers on the FTSE All-Share, down 6.87 per cent. Embattled platinum miner Lonmin shed 5.56 per cent, as strikes continued at its Marikana [...]
CITY MOVES | WHO’S SWITCHING JOBS August 21, 2011 Yorkshire Building Society Chris Pilling, head of branch network at HSBC Bank, has been appointed as chief executive of the UK’s second-largest building society. Pilling will join Yorkshire Building Society on 31 December, taking over from current chief executive Iain Cornish. Prior to joining HSBC as chief executive of its telephone and internet banking arm [...]
Wednesday facing High Court D-Day November 16, 2010 RESTRUCTURING group Zolfo Cooper is standing by to act as administrator to Sheffield Wednesday today if a High Court case verdict goes against the club. Wednesday face a £600,000 demand from the tax authorities and arrive in court after the board turned down an offer from Leicester City chairman Milan Mandaric. According to sources close [...]
Wednesday facing High Court D-Day November 16, 2010 RESTRUCTURING group Zolfo Cooper is standing by to act as administrator to Sheffield Wednesday today if a High Court case verdict goes against the club. Wednesday face a £600,000 demand from the tax authorities and arrive in court after the board turned down an offer from Leicester City chairman Milan Mandaric. According to sources close [...]
Build for the future to keep the City running February 26, 2012 THE recent Court of Appeal hearing regarding the St Paul’s protest will be welcome news to many working in the City. Although peaceful protest is a democratic right and often sparks important debate, it is equally important that the rights of people working in the City are also respected. The mess and nuisance generated by [...]
SABMiller in $7bn funding January 11, 2012 GLOBAL brewer SABMiller yesterday said it had issued and successfully priced a $7bn (£4.5bn) bond, with the proceeds used to repay part of the bank borrowing taken on for the purchase of Australian brewer Foster’s late last year. The FTSE 100-listed brewer of Miller Lite, Peroni and Grolsch beer finalised the cash takeover of Foster’s [...]
Redknapp in FA sights as Capello quits February 8, 2012 Italian’s shock resignation over Terry captaincy row leaves national team rudderless and paves way for most popular choice to take job FOOTBALL Association chiefs are poised to offer Harry Redknapp the England job after Fabio Capello’s shock resignation last night capped an extraordinary day and plunged the national team into crisis. The Italian brought a [...]
WHAT THE OTHER PAPERS SAY THIS MORNING October 3, 2011 FINANCIAL TIMES M&S ASKS SUPPLIERS TO AID STORE REVAMPS Marks and Spencer has asked its top clothing suppliers for a multimillion-pound contribution to its store revamp plans and a step-up in advertising. At a gathering on Friday of M&S’s top 60 clothing and homewares suppliers, Marc Bolland, chief executive, asked them for a one-off contribution [...]
Former bookkeeper loses her unfair dismissal case against hedgie tycoon July 26, 2011 HEDGE fund tycoon Elena Ambrosiadou has won an unfair dismissal claim brought by her former bookkeeper in the latest twist in a scandal over alleged snooping on former employees of hedge fund Ikos. Nathalie Pratico, the ex-bookkeeper, had filed a claim for €5m (£4.4m), alleging she was fired from Ambrosiadou’s family accounting firm after being [...]